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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   November 11, 2018   16586   0   1   0   0   1
A hard money loan is a specific type of asset-based mortgage financing through which a Canadian Real Estate Investors receives money secured by the value of Canadian real estate investment property.hard$$Lenders Canadian hard money loans are typically issued by Canadian private investors for investment properties but they will consider others based upon numbers and circumstances. Canadian Real Estate investors can find more Canadian Real Estate Hard money Lenders at Real Estate investing community https://realestateinvesting.community Interest rates for hard money loans are typically higher than conventional commercial or residential Canadian mortgage rates because of the higher risk is taken by the Canadian hard money lender. Most Canadian hard money loans are used for a short-term basis. Canadian hard money is similar to a bridge loan, which usually has similar criteria for lending as well as a cost to the Canadian Real Estate investors. Canadian hard money loans often refer to not only an asset-based loan with a high...
 
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   November 11, 2018   89   0   1   0   0   0
Wholesaling real estate can be a great way to get into real estate investing without much cash. It is also very low-risk when done right. But contrary to what many real estate gurus say, you can't necessarily do it anywhere. It will work best where there are investors ready to take the properties from you. This generally means it works best in larger towns and cities. To understand this, let's look at what wholesaling real estate means. As you might guess, it essentially is buying cheap to sell for a profit to another investor. This other investor is the one who will then retail the property to the final buyer. Now, if you were to actually buy a house or other real estate and close on it, you would have transactions costs. There would be more transaction costs when you sell to the next investor. Then there would be more transaction...
 
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   November 11, 2018   142   0   1   0   0   0
Of Envelopes and Postcards: Letters and Postcards in More Detail. It’s quite understandable if you’re still not quite sure which one will serve your purpose better, a letter or a postcard. It may even make you more confused to know that there’s no right or wrong answer to this one. You have to make that decision. You alone have the capability to assess what will work best for your work style, preference and, of course, budget, and make that decision accordingly. If you opt for sending out letters, let’s first make sure you have the best possible advantage to begin with. That means doing your envelope right. Advantages • It can be personalized. And, as you know, a personalized mail has better chances of getting opened. • It’s available in a wide array of sizes and colors. You can choose something that reflects your business personality well. Disadvantages • It can’t be stressed enough – it has to...
 
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   November 08, 2018   70   0   1   0   0   0
Sending Out the Mail: Letters and Postcards to Foreclosures Does it seem that letters and postcards are very personal? Well, that’s because they are. They show that you actually took the time to pen your message instead of whipping a quick note on your phone or laptop, and that makes it more meaningful. They’re actually so special that you can utilize them even in advertising to prospect sellers. Like most other things in life, there are always two sides of the coin, so to speak. Letters and postcards are no different. Let’s have a closer look at the former first. In a letter, you can basically write as much as you want, and you can send them out in batches or only one at a time – the choice is yours. The downside is that they’ll cost you more than just shipping out postcards. Just think of the logistics it will involve: the cost of the envelopes, having the...
 
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   November 06, 2018   105   0   1   0   0   0
How You Project Yourself: Whats Your Image? When it comes to your marketing or business approach, you can make use of two different styles to project the image you want to have. They may go by quite a handful of different names in the industry, but in an endeavor to help you remember easily, let’s just call them the corporate image and the mom and pop image. Both of them work quite well, actually. The difference is that you have to decide which one reflects your personality better, which one resonates more with who you are. If you’re not sure yet, just ask yourself this question: are you more comfortable wearing suit and tie, or are you more laidback and the guy (or girl) next door type? If at this point you’re still a bit confused, here’s a bit of sound advice: don’t. The image you choose should come naturally to you – you shouldn’t have to fret over...
 
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Squatters
Navtaj ChandhokeNavtaj Chandhoke   November 01, 2018   27571   1   1   0   0   0
Getting Rich by occupying other people's property This ancient remedy was helpful in resolving disputes in the latter part of the Middle Ages. If one farmer continued to cultivate a piece of land at the back of his farm and the farmer’s neighbor did not object, then after 7 years, he owned the land. At the time of course, it was not worth much. What is the purpose of squatter rights? The purpose of squatter rights was to regularize the boundaries of the properties. The added value of the cultivation of the property over a period of years was considered to be an investment and an improvement of the land. Be careful of your neighbors taking over your land, it could cost you a lot of money and possibly losing your ownership. Most of us think that squatter rights were abolished many years ago. This...
 
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   October 28, 2018   278   0   1   0   0   0
Knocking on Doors: Contacting the Homeowners Like a lot of things in life – both personal and professional – there’s a measure of comfort to know that there’s no one fixed way to get in touch with homeowners. You can explore options and then weigh which one works best for you, and which one is the most sensible in a particular situation. For instance, you can try literally knocking on the door, utilizing the phone, or resorting to direct mail. Here’s a quick overview of each. Knocking on the door Advantage It’s very straight forward and clear. If the homeowner expresses interest to sell the house, you can immediately appraise the property on the spot, and even draw up a purchase contract if both parties come to an agreement. Disadvantage Yes, it’s straight forward – to the point that it can be taken as already being invasive. If you don’t like feeling like you’re somehow stepping on the...
 
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   August 29, 2018   942   0   1   0   0   1
Being a real estate investor for a year now and positioning my first poorly built website to be number one on the first page of Google and all other search engines on all my major keywords with some closed deals and listings to show for it. I looked back and analyzed how I was able to achieve those fits within a year and this is what I came up with. I hope it will be of help most especially for those upcoming agent and would be realtors 1. Choose your target market or niche and come up with a plan to capture it 2. Define how you are going to reach out and conquer your niche or market You can only conquer your market through the use of the following methods or use of both i) Traditional marketing: I can only recommend this method to somebody who is an extrovert and has a lot of friends and colleagues ii)...
 
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   July 05, 2018   673   0   1   0   0   0
Marketing: It’s All about the Numbers So what does it take to get a homeowner who is in foreclosure to actually call you? There are a lot of people in the sales industry who will employ certain marketing strategies to get customers, and that totally makes sense. But at the end of the day it boils down to this: it’s a numbers game. And it is, isn’t it? Whether you’re trying to buy houses or doing marketing to homeowners, the more prospect clients you have, the more chances you’ll have to get positive results. Look at it this way: it’s like mining for gold. You don’t know where exactly the gold is, but if you have a larger area to dig through, you’ll more likely to succeed. Do marketing, marketing, and more marketing. It’s that simple. It’s just sensible to diversify and actually utilize different marketing approaches. It won’t do much good, however, if you get stuck analyzing foreclosure...
 
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   July 03, 2018   534   0   2   0   1   0
Practical Advice on Judging a Foreclosure File People usually think that the first thing to do when dealing with foreclosure properties is to decide which one to actually consider buying. Actually, it’s not. The first thing to do is do NOT even attempt to pass judgement just by looking at a foreclosure file. It simply doesn’t make sense to try distinguishing the difference between a good prospect and a bad one simply by the figures and details available on hand. If you’re considerably knowledgeable on the matter, you may be able to discern which properties have more equity than another – but that doesn’t mean you’re going to get a nice profit just because of that. Analyzing data doesn’t cut it; actually writing an offer for a property does. For example, you may consider a house that looks like it’s a great deal on paper – maybe it boasts of a lot of equity –...
 
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Joe MigadelJoe Migadel   April 20, 2018   962   0   0   0   0   0
The 7 Profit Centers Of Owning Real Estate When most people think of investing in real estate, they think of the obvious, “appreciation”(the increase in value of the property over time). The truth is however, that real estate can bring profits and financial benefits in 7 different ways. This is the foundation of investing in real estate for profit. 1. The first profit center is EQUITY. Equity is defined as the fair market value minus the debt service (mortgage) 2. The second profit center is LEVERAGE. This is the ability to buy more with less money. 3. The third profit center is APPRECIATION. This is the increase of the value of the property over time (as mentioned above). 4. The fourth profit center is PRINCIPAL REDUCTION. This is the reduction of mortgage owing over time through mortgage payments(paydown). 5. The fifth is CASH FLOW. When the income you bring in...
 
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The Purchase Offer - Three Important Clauses
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   April 18, 2018   8414   0   2   0   1   0
Many home buyers, and even some investors, seem to approach a real estate purchase offer as just an opening of negotiations. It can be this, of course, but it is also a legally binding contract the moment the seller signs it. You don't get to change the terms after that, or back out of the deal. That is, unless you have the right language in the offer to begin with. Purchase Offer Clauses To Protect You 1. Inspections This is perhaps one of the more important clauses in a purchase offer, and is common. But make sure you get the wording right. Ask for help if necessary, but the point is to make it possible to cancel the offer if any inspections show problems you don't want to deal with. Such a clause might read something like this; "This offer is contingent on the buyer's approval of the results of a termite inspection...
 
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What is Foreclosure?
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   March 22, 2018   4553   0   2   0   0   0
Foreclosure is a court action taken by the mortgagee or the lender asking the court to cancel the equity of redemption to the mortgagor. The second and third mortgages should have a clause saying that if first is in default, the others are automatically in default too and they can take action against the borrower or the mortgagor. Redemption is the right of the mortgagor to have clear title to the property after paying the loan fully. Redemption period is usually provided to pay off interest, fees and back payments. There are basically two types of foreclosures. The first one is called Judicial. In this type of foreclosure, the mortgagee petitions the courts and begins a lawsuit against responsible parties. The second type is Non-judicial. With this, the power of sale has the processes covered in the mortgage documents. Lenders have the right to sell the property. On the power of sale process, happens quickly. It...
 
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Cathy ShenCathy Shen   March 21, 2018   6777   0   2   0   0   0
One of the most overlooked methods that homeowners may have available to save their homes from foreclosure is obtaining a specific type of loan called a reverse mortgage. Because of its limited applicability, it is not frequently discussed as an option, but it may provide certain foreclosure victims with one more valuable solution. A reverse mortgage is usually used by homeowners over the age of 62 who are trying to supplement their monthly income. Instead of paying a mortgage every month, the reverse mortgage will pay the homeowners. The payments can be taken in a number of ways; for example, the homeowners may receive one lump sum from the mortgage company, get a certain amount every month, or be given a line of credit to be used whenever it is needed. Even if there is already a mortgage on the property, a reverse mortgage can be used. The main consideration will be how...
 
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Selling Distressed Homes
Quinn RempelQuinn Rempel   March 09, 2018   2062   0   3   0   0   0
Selling a distressed home can be a little different than your every day home transaction. When you have a home in good condition, no legal or financial problems, it can be beneficial if you have the time and patience to list on the MLS and Maximize your profit. When selling a distressed home this can make things a little more difficult. 1. Time When listing your home on the open market you could be waiting months if not years depending on many different circumstances including, market, location, homes shape… If you have a home in good condition that isn’t facing foreclosure, or have a re -possession pending, this is most likely your best option. Most Distressed Homeowners don’t have this kind of time. Once a mortgage payment is missed your on the clock before the foreclosure process begins. Homeowners wait too long to find alternative routes to foreclosure and tend to lose their homes to the...
 
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